506 RICHMOND DriveSaint JohnsFL32259
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Saint Johns at 506 RICHMOND Drive, Saint Johns, FL, 32259 offers $1,952/mo rent that, after a $1,346/mo payment, leaves $128/mo cash flow. Total monthly income is $1,952/mo, and annual cash flow is $1,539/yr on $91,129 cash. Return on cash invested measures 21.6% in year one, and rental yield stands at 8.52% at a $274,900 entry. Equity gained on principal adds $1,774/yr while 5% annual appreciation compounds into $75,950 by year five. Five-year ROI records 112.51% and total cumulative return in cash reaches $102,531. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,952/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32259, Jacksonville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,430 (100%) |
| Owner Occupied HU | 22,707 (82.8%) |
| Renter Occupied HU | 3,208 (11.7%) |
| Vacant Housing Units | 1,515 ( 5.5%) |
| Median Home Value | $601,330 |
| Average Home Value | $676,148 |
Housing Distribution
Address Breakdown
Residential
25,528
Single Family
23,180
Multi-Family
2,348
Businesses
680
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Listed by: RAYMOND BUTRUS LLC • EXP REALTY LLC
Mls Name: realMLS
Mls ID: #2087535